DESPITE sluggish EC sales, the top bid for an executive condo site in the Hougang/Yio Chu Kang area has come in towards the high end of market expectations. The 99-year leasehold site is not near any MRT station but is considered attractive as it is nestled in an established HDB estate, which provides a catchment of potential buyers for the future EC project, and is near amenities (including Hougang 1...
THE appetite for Singapore residential property among foreigners continues to diminish, depressed by higher purchase taxes and dim prospects for gains or returns. The number of private homes bought by non-resident foreigners (non-permanent residents) dropped 22 per cent to 895 units last year, from 1,148 units sold in 2014. And with no sign of any removal or reduction of the additional buyer's stamp...
Prices of condominiums sold on the resale market edged up 0.6 per cent in January, despite a fall in the number of units sold, according to a local property index. The resale volume of non-landed private residential units fell 20 per cent from the previous month, with an estimated 364 units resold in January, SRX Property said. On a year-on-year basis, resale volume was up 3.7 per cent. ERA’s Key...
The resale volume of non-landed private residential property in January dropped 20 per cent compared to December last year, according to the flash estimates provided by SRX property that were released today (Feb 11). An estimated 364 units were resold in January 2016 compared to 455 units in December 2015. Resale volume was down 82.2 per cent compared to the peak in April 2010. However, on a...
Some changes could be afoot at Capitol Singapore after it has been hit with a depressed retail environment. Landlord Perennial Real Estate on Friday (Feb 5) said it is looking at ways to help tenants. CEO of Perennial Real Estate Holdings Pua Seck Guan, said: "The retail sector is not easy now, because a lot of retailers are faced with the problem of labour shortage and also in this volatile...
The Republic’s property measures averted a potential financial crisis, according to Home Affairs and Law Minister K Shanmugam. Speaking at a property agents’ conference on Wednesday (Feb 3), he said the Government had to step in after it saw a risk to the financial system. Mr Shanmugam said: "We can't legislate and stop people from buying a second or third property. "(But) … when we saw the...
Less than two years after it was launched to provide more recreational options at the popular East Coast Park, some of Parkland Green’s tenants are seeing business take a hit after the authorities imposed parking charges at the cluster last year, with the situation compounded by factors such as the haze and a lack of publicity. Parking at the area’s nearest carpark was free when the development...
The resale prices of Housing and Development Board (HDB) flats fell 0.5 per cent in January, the first decline in seven months, SRX Property said on Thursday (Feb 4). Prices of three- and four-room flats fell by 0.5 per cent and 1 per cent, respectively. In contrast, five-room and executive flats rose by 0.2 per cent and 1.4 per cent, respectively, the flash estimates showed. Overall resale prices...
Businesses at the sports and recreational development Raintree Cove — home to the popular Long Beach Main Seafood Restaurant, a fixture at East Coast Park — will be putting up their shutters by next February. TODAY has learnt that the lease for the space lapses on Feb 28 next year, and tenants are expected to make way for the land’s development. Master tenant Raintree Cove was granted a final...
SOON after completing its acquisition of property agency Global Alliance Property (GAP) Pte Ltd, Asia-Pacific Strategic Investments Ltd (APSIL) is shoring up its agent strength by acquiring another firm - this time, Century 21 (AsPac) Pte Ltd. In a regulatory filing with the Singapore Exchange on Friday, APSIL said that its wholly owned subsidiary GAP has inked a non-binding memorandum of understanding...